Housing Market News Summer 09 (2)
Article by Danny Luke
Is The Housing Market On The Route To Recovery?
Just read a good blog on The Telegraph website from its economics editor, Edmund Conway (Sorry – the house price crash isn't over yet), reflecting much of our thought on the future of the housing market and house prices.
The blog argues that house price crashes don't show consistent falls in prices – some months will shows rises before further falls. It says that unlike the equity market, the property market takes longer to recover, acting sluggishly and spending a long time at the bottom of its slump before gathering pace and slowly recovering with a property crash usually lasting 5 years.
It also mentions the current low turnover and activity in the housing market that could be giving a false impression of a recovery. Sure, some prices have risen, particularly in London, but from a very small number of sales.
Mortgage Approvals Up 23%
Mortgage approvals jumped 23% in June compared with May's figures, just 6% lower than June 2008.
The Council of Mortgage Lenders' figures show that mortgage approvals was the highest since July last year. The CML seems the mortgage market stabilising, rather than this being a return to a booming housing market.
The figures also show first-time buyers still being squeezed – the average deposit required by lenders in 2008 was 13% – first time buyers are now having to find a 25% deposit.RICS Sees Possbility of House Price Rises for 2009RICS has revised its house price forecast for 2009, now saying that there is a 'possibility' of house prices rising overall in 2009 – its previously forecasted a fall of between 10 – 15% in prices.
It put the revision down to a 'considerable shift' in the housing market, but warned that prices could fall again in 2010 if economic conditions worsened with increases in unemployment playing a large factor.
The housing market still remiains in a fragile state, with very low levels of activity. Mortgage lending still remains tight and there is a lack of availability of houses, meaning that demand if short stock is the main driver of recent house price increases.
House Prices Show First Quarterly Rise Since 2007
The latest report from the Halifax shows the first quarterly rise for UK house prices since October 2007.
Prices rose by 0.8% in the 3 months to July. In July, itself, prices rose by 1.1%, but still show a decline of 12.1% on the previous year.
It seems that much of this rise is fuelled by high demand and low supply of property.
Housing market activity level is still less than half of what is was in 2007 with mortgage approvals down 58% on June 2007. Expects expect prices to cool off in the autumn when more prperties come onto the market.
About the Author
Quick Move Now are one of the leading house buying companies in the UK.We buy houses and will buy your Bryant Homes and your Barratt Homes. They will buy your house for 90% of its value and can turn around in 7 days.
Filed under News by on May 5th, 2011. Comment. 
ivi TV Offers to Referee Cablevision v. News Corp Spat As News Corp. Pulls the Plug on Fox 5 and My9 for Cablevision Customers
New York, NY (PRWEB) October 16, 2010
ivi TV announced today that it would keep consumers' best interest in mind while big media battles it out over revenue streams. News Corp made good on its threat to blackout Cablevision's signal in the NY market. Presently, more than 3.1 million Cablevision subscribers in New York have lost access to broadcasts on FOX stations, unless they access them with ivi TV.
ivi TV promises to keep TV programming flowing to the NY area regardless of the duration of the two media titan's tantrums. All Cablevision subscribers can legally access Fox channels via ivi TV's app.
Quote, attributable to Ron Erickson, ivi TV's chairman:
"Let the big media companies brawl. In the meantime, New York consumers can remain unaffected and watch their favorite NY football team on ivi TV. That's a battle consumers are actually interested in watching, not this spectacle over millions of dollars being fought over between cable companies and TV networks."
ivi TV's downloadable app makes it easy to watch live television programming online for only .99 a month after a 30 day free trial. The company pays broadcasters in the same fashion as prescribed by law for cable companies.
ivi TV offers more content than Hulu and a 30 day free trial to watch major broadcast channels including ABC, NBC, CBS, Fox, The CW, PBS, and others from a growing number of local affiliates, all available via a downloadable app at ivi.tv.
About ivi TV™
ivi TV endeavors to make the world a better place by providing a high-quality viewing experience while offering consumers what they want in the way they want it, with more choices, less hardware, and higher standards than other modes of online content delivery. At the same time, ivi TV increases viewers for channels and advertisers, continuing and adding to the live television tradition in an innovative and sustainable manner. Consumers, broadcasters and advertisers alike will agree that live television, most notably sports and news programming, is here to stay. The solution is ivi TV. And the time is now. ivi, Inc., is based in Seattle. For more information, please visit http://www.ivi.tv
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Filed under News by on Oct 17th, 2010. Comment.
PAUL CONNOLLY: Elle's belles! Why is that fashion judge orange?
The irritating tendency to extend results specials has meant that shows as simple as Britain’s Next Top Model stretch out proceedings to the point that only the clinically insane can be expected to stay the course.
Read more on Daily Mail
Tumbleweed Ranch a window to past, educational tool
Chandler's Tumbleweed Ranch, at Tumbleweed Park, offers visitors a glimpse at what life was like for residents of the area in the early 20th century.
Read more on The Arizona Republic
One Woman's 'Vida': A Dark Metamorphosis
In her debut novel, Vida, Patricia Engel explores one woman's struggle to define her own life in a hard-boiled world of loss and disappointment. With searing and unsentimental prose, Engel demonstrates just how easy it is to stiffen into a person you never wanted to be.
Read more on NPR
Filed under News by on Oct 11th, 2010. Comment.
Find out where to get a scare
NEW YORK—If you’re too old for trick-or-treating but still love getting spooked on Halloween, it’s time to trade in the superhero costume for a ticket to a haunted house or theme park.
Read more on The Buffalo News
Amend. 60 would reverse impact of mill-levy freeze
The proponents of Amendment 60 say it would address a wrong perpetrated on Coloradans in 2007 when Democrats, in control of the legislature and governor's mansion, enacted the "mill-levy freeze."
Read more on Denver Post
Filed under News by on Oct 11th, 2010. Comment.
Hear from homeowner trying to stop thief
The tale of a fed-up Huntington Beach homeowner who erected a banner on his house, calling out whoever broke into his car twice, has gotten a lot of reaction..Mike Reis' sign reads: "We have a thief in the neighborhood."(Another part of it, not…
Read more on Orange County Register
Arts, culture calendar for Myrtle Beach area
ALABAMA THEATRE, 4750 U.S. 17, Myrtle Beach, presents "One the Show" several nights weekly and guest concerts such as The Letterman…
Read more on The Myrtle Beach Sun News
Filed under News by on Oct 11th, 2010. Comment.
Oprah, Berkus shows give house, car to 'warrior mom'
AYER — An Ayer mother of two, dubbed by TV talk show titan Oprah Winfrey as the "Warrior Mom," was the first featured guest Wednesday morning on the fledgling spin-off Nate Berkus Show.
Read more on Ayer Public Spirit
Hunger pains?
NEW HAVEN — The owner of Copper Kitchen restaurant, a downtown staple for more than 40 years, plans to close the business unless he can reach a lease agreement with landlord Yale University Properties.
Read more on New Haven Register
Filed under News by on Oct 11th, 2010. Comment.
Nightime – Sharp Street Depot January 1981
Image by degahk
Surrounded by tenement flats and a bustling wet market the old Sharp Street Depot had character and atmosphere. It was also a valuable piece of real estate which Tramway's owners – the Wharf Group were keen to redevelop. On the 21st February 1989 the last tram left the depot. The Times Square complex now stands on the site.
Alliance Global sees double-digit profit growth until 2011
MANILA, Philippines – The holding firm of tycoon Andrew Tan sees its earnings growing by at least 38% to P6.62 billion this year from P4.8 billion last year.
Read more on ABS-CBNNEWS.com
Filed under News by on Oct 11th, 2010. Comment.
Missing Mile Dark Rural Community/RP OPTIONAL/NO GUNS CHALLENGE
Image by Torley
Come visit one of the best looking grunge towns in all SL. Optional Free Form roleplay. Detailed enviroment, home rentals, events and more. 2l per prim. More info at City hall.
Posted by Second Life Resident Torley Olmstead. Visit Soap.
News : UW-Madison Campus
By Anna Asendorf Monday, October 4, 2010 6:35 p.m. Updated Monday, October 4, 2010 11:35:12 p.m.
Read more on The Badger Herald
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Jersey City: Goldman Sachs Tower
Image by wallyg
Goldman Sachs Tower, at 30 Hudson Street, is the tallest building in the state of New Jersey, and the tallest in the United States of any building not in its metropolitan area's largest city. It was designed by Cesar Pelli, best known as the architect of the Petronas Towers in Kuala Lumpur, the Key Tower in Cleveland, and the World Financial Center, which is located just across the Hudson river. The tower, except for the black roof, resembles 1IFC, and to a lesser extent, 2IFC, two buildings of the IFC complex he designed in Hong Kong.
Completed in 2004, it has 42 floors and is 238 m (781 feet) tall. The Goldman Sachs Tower is in Jersey City's Exchange Place area close to a PATH station (about 200 yards north) and sits immediately on the waterfront overlooking the Hudson River and Lower Manhattan.
The building is a Goldman Sachs office tower, and is one of the fifty tallest buildings in the United States. Originally the tower was meant to be the centerpiece of an entire Goldman Sachs campus at Exchange Place, which was to include a training center, a university, and a large hotel complex. Although the location was largely rejected by the company's financial executives, 4000 Goldman Sachs employees made the move to the building, including much of the company's real estate, technology, operations, and administrative departments.
(Explore: October 4, 2006)
CPP Investment Board Reaches Agreement With Ferrovial to Acquire 10% Stake of 407 Express Toll Route
TORONTO, ONTARIO– – The CPP Investment Board announced today it has reached an agreement with Cintra Infraestructuras, S.A., a Ferrovial subsidiary, to acquire 10% of 407 Express Toll Route for C$ 894 million.
Read more on CCNMatthews via Yahoo! Finance
Filed under News by on Oct 11th, 2010. Comment.
BRIEFLY: Oct. 9
Read about what's happening in and around Plymouth.
Read more on Old Colony Memorial & Plymouth Bulletin
Reunion recalls child migrants
A two-day descendants' reunion in celebration of the Canadian Year of the Home Child will be held Oct. 23-24. The Brant County branch of the Ontario Genealogical Society is hosting the event at Smokey Hollow Estates, at 114-118 Powerline Rd.[...]
Read more on The Brantford Expositor
Foreclosures In Central Pennsylvania On The Rise
York County Tops The Charts In The Number Of Foreclosures The number of foreclosures in the area is on the rise and York County numbers are topping them all. With over 2000 foreclosure filings in York County right now, they have the 3rd highest number in the state. About one in every 360 homes in York County faces foreclosure. People who live next to cheaper foreclosed homes say it's dropping …
Read more on FOX 43 Harrisburg
Filed under News by on Oct 10th, 2010. Comment.
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